The pseudonymous cryptocurrency trader, James Wynn, who bet more than $1 billion on bitcoin (BTC) about a week ago, is currently suffering losses after being wrecked for more than $118 million. This liquidation was triggered by bitcoin’s dip below $105,000 early Friday. According to data from Arkham Intelligence, Wynn has been liquidated on four positions so far, totaling 1,134 BTC (over $118.8 million). He still has an open position with 40x leverage on the decentralized exchange (DEX) Hyperliquid, which is sitting on an unrealized loss of $4.7 million at the time of writing. $1B Bitcoin Bet Backfires CryptoPotato reported last week that Wynn built his 40x leverage long Bitcoin position from $390 million to $1.1 billion within seven days. Well-known as a high-risk leverage trader and meme coin maxi, the whale continued to increase his bets as bitcoin’s price kept rising. As BTC hit an all-time high (ATH) of $111,970 on May 22, the bet increased to $1.14 billion with an unrealized profit of over $39 million. By May 24, Wynn had pumped the bet to $1.25 billion, even as BTC had slipped from its ATH and was consolidating around $108,000 to $109,000. Although analysts’ predictions and on-chain data suggested that BTC had more room for growth in the short term, macroeconomic changes triggered a reversal in the asset’s trajectory. Buying and Holding is Better: Wynn While Wynn took profits from his big BTC bet, he believed the asset could hit the $115,000 to $118,000 target this week. Unfortunately, the opposite is true. Bitcoin is down 2.5% in the past 24 hours and was trading around $105,093 at writing time. Due to bitcoin’s decline over the last few hours, Wynn has been liquidated in four positions holding 91 BTC ($9.7 million), 527 BTC ($55.3 million), 421 BTC ($43.9 million), and 95 BTC ($10 million). Data from the Hyperliquid analytics platform, Hypurrscan, shows that the liquidations were triggered when BTC hit $106,330, $104,950, $104,150, and $104,620, respectively. Addressing his liquidation on X, Wynn tweeted that his bets have exposed the corruption in the crypto market. He insisted it is better to buy and hold BTC in cold storage rather than follow his investment strategy. One thing for sure is that I have exposed just how corrupt these markets are. Guess it’s better to just buy and hold $BTC on spot / cold storage it. — James Wynn (@JamesWynnReal) May 30, 2025 The post Crypto Whale Wynn Who Bet $1B on BTC Gets Liquidated for $118M Amid Price Dip appeared first on CryptoPotato .
Analyst Willy Woo is leaning bullish on Bitcoin ( BTC ), a little over a week since the crypto king recorded a new all-time high. Woo tells his 1.2 million followers on the social media platform X that Bitcoin’s risk signal is trending downwards, an indication that the market risk is falling. According to the widely followed analyst, there’s an increase in liquidity from buyers, a fact which could push up the price of the crypto king. “We are setting up for another solid run on the long time frame.” Source: Willy Woo/X Woo, however, says that the strength of Bitcoin’s recent bullish run from the price of $75,000 reached around April 6th to the price of $112,000 recorded on May 22nd is beginning to weaken. Over the short term, the widely followed analyst says , “This week is absolutely critical, if we do not get follow through, then we will be up for another consolidation period.” Woo further says , “In the short term, my main concern are the late-comer speculators taking long positions while an immense amount of potential profit-taking is ready to dump (SOPR). This week’s spot buying will strongly influence the next 1-2 months of price action. We are in a pivot zone.” The SOPR, an acronym for the Spent Output Profit Ratio, is an on-chain metric used to determine market sentiment by revealing whether the Bitcoin that is moving is being sold at a loss or profit. Source: Willy Woo/X Bitcoin is trading at $107,531 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin (BTC) Setting Up for Another Solid Run, According to Crypto Analyst Willy Woo – But There’s a Catch appeared first on The Daily Hodl .
Bitcoin has experienced a notable profit-taking trend, which could paradoxically support its ongoing bull market, according to Santiment’s recent analysis. As hodlers capitalize on gains, the trend may actually rejuvenate
Ripple Van Winkle (@RipBullWinkle), a recognized crypto expert and YouTuber, recently drew attention to the evolving landscape of spot XRP Exchange-Traded Funds (ETFs). He shared a post on X outlining the current status of XRP ETF applications awaiting final decisions from the U.S. Securities and Exchange Commission (SEC). The image he shared lists prominent asset managers, their filing dates, SEC decision deadlines, and key notes on each application. This provides a comprehensive overview of the competitive field for XRP-based investment products. $XRP ETFS Waiting SEC Final Decision Bitwise ETP is live, and it holds 109,812,107 XRP in Cold Storage Ill let you do the math when we have 18+ Spot ETFS Live pic.twitter.com/ATXKVPEzO7 — Ripple Van Winkle | Crypto Researcher (@RipBullWinkle) May 28, 2025 The Current State of XRP Spot ETFs Several major asset managers, including Bitwise, Canary Capital, 21Shares, WisdomTree, CoinShares, Grayscale, and Franklin Templeton, have submitted filings for spot XRP ETFs. Most filings were acknowledged by the SEC in February 2025, with final decision deadlines set for October 2025. The exchanges involved include Cboe, Nasdaq, NYSE Arca, and Cboe BZX, reflecting broad institutional interest in launching XRP-based products. Bitwise stands out as the first to file for a spot XRP ETF, having been acknowledged by the SEC in February. Van Winkle also drew attention to Bitwise’s ETP, which is already live, and holds over 109 million XRP in cold storage. Referencing this figure, Van Winkle invited his followers to consider the potential impact once over 18 spot XRP ETFs are live. XRP is an attractive asset to institutions , and the launch of all these products could bring a significant increase in institutional holdings and market activities, potentially sending the asset’s price up. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Institutional Demand and Market Outlook The list of applicants and the scale of assets involved indicate growing institutional demand for regulated XRP investment vehicles. The presence of established firms such as Grayscale and Franklin Templeton, alongside newer entrants, points to a competitive race to capture early market share. Several applications also propose innovative structures, such as including XRP among multiple digital assets within broader ETF offerings. 21Shares filed to list its Core XRP Trust shares on the Cboe BZX Exchange in November, and Grayscale followed suit in January, applying to convert its XRP Trust into a spot ETF . Grayscale’s filing has the closest deadline at October 18, and Franklin Templeton, WisdomTree, and CoinShares have the farthest, at October 25. However, many market participants are convinced that the SEC will approve these products earlier. One commenter argued that the commission has no excuse for delaying approval, and Polymarket recently raised the likelihood of XRP ETF approval to 85% , reflecting the confidence of the community. As the deadlines approach, all eyes are on the SEC to see if XRP will finally join the ETF ranks in the U.S. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP ETFs Awaiting SEC Final Decision: Here Are Key Dates to Watch appeared first on Times Tabloid .
Bitcoin is seeing increasing profit-taking, new research confirms, while Hyperliquid's Wynn joins those liquidated during the latest 10% BTC price retreat.
All short-term momentum indicators up to the daily timeframe are now in an oversold condition. This would suggest that Bitcoin (BTC) is about to make its next upside move. Nevertheless, a major hurdle is on the horizon in the form of the weekly Stochastic RSI, posturing a swing back down in the indicators that can potentially bring some future heavy downside price momentum. Caution is required. Keeping it simple in trading In the field of technical analysis there are countless charts and indicators that can point a price in one direction or another, and often, at any particular point in time. Therefore, one strategy that tends to iron out the often perverse market fluctuations over time is that of keeping things very simple. There are a small number of indicators for Bitcoin, that if used over the longer time frames, will generally help to show the main trend that $BTC is following, and give pointers as to when we need to sit up and take notice that a trend break is about to occur. The Stochastic RSI is one of the most reliable indicators in this respect. It is used to measure momentum and identify overbought or oversold conditions. On the higher, weekly time frame, the Stochastic RSI is exhibiting an overbought condition - thus the cause for concern. Before looking at the bigger picture, the shorter time frames are currently looking bullish. They are suggesting that there could be a nice upside surge that could develop into the weekend. Correction from all-time high still taking place Source: TradingView In the 4-hour time frame it can be seen that the correction from last week’s all-time high is still taking place. The bears were able to force the price below the important $106,000 support, and $BTC is now at the $105,000 support level. There is the possibility that the price could drop through here, but it isn’t expected. If it does, the furthest dip to the downside would likely be to the $102,500 horizontal support. What is more likely is that the price will start to bounce from here, and could then gain momentum from all the short time frame Stochastic RSI indicators crossing up from the bottom. The targets would be to break back above $106,000, pierce up through the descending trendline, make a higher high, and then have the possibility of getting back to the all-time high. 3-day chart shows concerns are beginning Source: TradingView The 3-day chart shows that concerns are beginning. The ascending trendline is in the process of being broken, and should the current red candle still be on the wrong side of this trendline by the end of Friday, the breakdown will be confirmed. Having said that, the horizontal supports are very important, and a close above $106,000 would be seen as a victory for the bulls. At the bottom of the chart, the Stochastic RSI on this time frame is looking ominous, with the indicator lines shaping to fall back down through the 80.00 level, and by doing so, bringing downside price momentum with them. Weekly Stochastic RSI signals a potential cross-down Source: TradingView As already mentioned, the weekly time frame is potentially the most problematic at this point in time. While it can be seen that the price is starting to roll over, it’s at the bottom of the chart where things are starting to become a little worrying. The Stochastic RSI has the blue indicator clearly angled down, and it is posturing to cross over the red indicator line. However, it’s not all doom and gloom quite yet. If the expected rally does take place into the last part of this week, the indicator lines could just end up flatlining along the top, much as they did in a 3-week period at the end of 2024. That said, they will have to come down at some point, putting an end to the upside price momentum. Is there still time in this bull market cycle for the indicator lines to drop all the way back to the bottom and then come back up for one last hurrah into Q4? Yes there is. Also, the indicator lines could bounce along the top for an extended period of time. The main take away here is that when the weekly Stochastic RSI indicators are at the top it signals caution to long-term traders, whereas when they are at the bottom, buys are signalled. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Recent market movements have led to significant price drops for Pi Network, with bearish signals indicating a challenging outlook for investors. The overall sentiment surrounding the altcoin has shifted, as
Markets woke up rattled on Friday as the chaos surrounding President Donald Trump’s tariff decisions continued to wear down investor confidence. According to data from CNBC, futures for the Dow Jones Industrial Average dropped 31 points in early morning trading, while S&P 500 futures slipped 0.16%, and Nasdaq-100 futures dipped 0.21%. This came after a wave of uncertainty on Thursday when a federal court first blocked and then reinstated the majority of the president’s tariffs, triggering confusion across global trade desks. The legal drama unfolded late Wednesday night when the Court of International Trade decided to freeze most of the current tariffs imposed by the administration. But by Thursday afternoon, that same court reversed course, putting a temporary hold on its own order. Stocks recoil as legal chaos deepens This constant policy flip-flop is throwing both markets and global trade partners into a loop. The S&P 500, which was up nearly 0.9% during early Thursday trading, turned south fast after the Trump administration hinted at a possible appeal. The issue isn’t just whether the tariffs are good or bad, it’s that nobody knows when they’re real. That’s paralyzing for companies trying to plan shipments and for countries negotiating trade deals. Even with the turbulence, stocks have had a solid May. The S&P 500 is still up more than 6% this month, the Nasdaq Composite has jumped 10%, and the Dow has added about 4%. For this week alone, the S&P has risen 2%, the Dow gained 1.4%, and the Nasdaq is up 2.3%. Traders are also watching closely for inflation data. The personal consumption expenditures (PCE) index for April is expected to show annual inflation at 2.2%, with a monthly increase of 0.1%. The core PCE, which cuts out food and energy, is projected to come in at 2.6% for the year, also rising 0.1% month over month. Crypto drops as investors brace for inflation Crypto markets weren’t spared either. Bitcoin dropped 2.8% and now trades at $105,430. Ether fell 4% to $2,617, XRP dropped 4.4% to $2.19, and Solana (SOL) tumbled 6%, now sitting at $162. The declines come as traders try to make sense of global economic signals that are increasingly impossible to predict. Source: TradingView But interestingly enough, the Crypto Fear & Greed Index is currently at 60, which is strongly Greed. Retail investors aren’t feeling good about any of it. The American Association of Individual Investors (AAII) said bearish sentiment jumped to 41.9% this week, up from 36.7% last week. That’s higher than the long-term average of 31%, and this marks the 26th time in 28 weeks that pessimism has outpaced the norm. On the flip side, bullish sentiment dropped to 32.9%, down from 37.7%, and sits below the historical average of 37.5% for the 16th time in 17 weeks. In a special question, 64% of respondents said that the tariffs, along with the economy and inflation, are the top reasons they expect markets to drop in the next six months. Only 11% pointed to corporate earnings, 10% to valuations, and 9% to monetary policy or interest rates. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Macro headlines weighed on BNB despite the positive regulatory update on the Binance lawsuit.
The post Thailand SEC to Block Bybit, CoinEx, OKX, and Other Crypto Exchanges – Here’s Why appeared first on Coinpedia Fintech News The Thailand Securities and Exchange Commission (SEC) has announced that it will block access to some of the world’s most popular crypto exchanges that don’t have the right licenses. From June 28, Thai crypto traders will no longer be able to use Bybit, CoinEx, OKX, 1000X, and XT.com. This decision is all about protecting investors and stopping shady money activities. Why Is the Thailand SEC Acting Now? According to the Thailand SEC , these exchanges are not licensed under the country’s Digital Asset Business Act. This means they’re not following the rules that make sure investors are safe. The SEC says these unlicensed platforms could be used by fraudsters to hide illegal money or scam people without them knowing. To deal with this problem, the SEC has filed charges against these exchanges with the Economic Crime Suppression Division. They also asked the Ministry of Digital Affairs to block these websites completely, so people in Thailand can’t visit or trade on them at all. Bybit’s Major Hack Raises Concern One of these exchanges, Bybit, has already faced big security troubles. Recently, hackers stole about $1.5 billion worth of Ethereum tokens from Bybit, making everyone more worried about the risks of unlicensed platforms. The SEC believes that this kind of security problem is one more reason why it’s so important for traders to use only licensed platforms. Meanwhile, OKX, one of the exchanges that’s about to be blocked, said it’s willing to work with the SEC and other authorities. “We believe that working with regulators is essential to the future of the digital asset industry,” said an OKX spokesperson. What Thai Crypto Investors Do Now? Recently, the Thailand SEC is telling everyone to move their money away from these unlicensed exchanges as soon as possible. “Investors are urged to promptly secure their assets on these platforms before the impending access restrictions,” the SEC said in a statement.